tZERO Launches Crypto App for Android and iOS

tZERO crypto apptZERO has launched an Android version of its recent cryptocurrency mobile app, allowing investors to buy, sell and hold digital currencies directly on their mobile phone through the tZERO Crypto App, rather than using third-party exchanges for custody.

Initially supporting bitcoin and ethereum, tZero’s mobile app will grow to introduce additional digital assets in the future. The digital wallet and exchange services app for cryptocurrencies is tZERO’s most recent product as the blockchain-powered technology firm strives to revolutionize Wall Street in order to bolster and enhance market integrity. The firm’s digital securities trading platform is designed to enable private resale transactions to accredited investors, consistent with U.S. securities law.

tZERO Crypto uses biometric authentication for added security and ease of use, but customers are also given access the platform’s private key recovery system to restore their funds and cryptocurrencies in the event that they lose their private keys or mobile phone. The iOS version of the app was launched on June 27 and has been well received by users.

Saum Noursalehi, Chief Executive Officer of tZERO
Saum Noursalehi, Chief Executive Officer of tZERO

Saum Noursalehi, Chief Executive Officer at tZERO, commented:

“We are excited to bring our platform to Android users, which we believe will significantly expand our user-base. The accessibility of the tZERO Crypto App is critical in our plan to provide an intuitive trading experience for all digital assets.”

Founded in 2014, tZERO is a subsidiary of and has recently partnered with New York-based institutional brokerage firm Dinosaur Financial Group in order to provide brokerage accounts for tZERO security token holders.

In late 2017, tZERO’s first-ever preferred equity security token sale attracted overwhelming cryptocurrency and traditional institutional interest, reaching over $100 million USD in commitments from investors in the first 12 hours. Over 10,000 subscribers registered for accreditation ahead of the token sale.

In mid-2018, the firm entered into a joint venture with BOX Digital Markets to create the world’s first regulated exchange for trading security tokens, which are defined as “securities” under U.S. law. The joint venture has yet to seek approval from the U.S. Securities and Exchange Commission prior to beginning operations. Upon obtaining SEC approval, the joint venture will operate as a facility of BOX Options Exchange, an existing registered U.S. securities exchange.

At the time, chief executive Noursalehi said “there is no doubt that security tokens are the future of capital markets. tZERO and BOX Digital will create the first fully regulated security token exchange and fundamentally improve the way capital is raised and traded across different asset classes. Teaming up with Box Digital will allow us to complement our alternative trading system, already under development, with a separate, regulated platform, expanding the reach of our technology to security token issuers of all types, from micro-cap issuers to SEC reporting companies.”